Public Banks in the Age of Financialization: A Comparative PerspectiveChristoph Scherrer Edward Elgar Publishing, 2017 M11 24 - 288 pages This book asks the important question of whether public banks are a better alternative to profit-seeking private banks. Do public banks provide finance for development? Do they serve as stability anchors in financial markets? What kind of governance keeps public banks accountable to the public? Theoretically the book draws on the works of Minsky for the question on stability and on interpretative policy analysis for the issue of governance. It compares empirically three countries with significant public banks: Brazil, Germany, and India. |
Contents
1 | |
PART I JUSTIFICATIONS FOR PUBLIC BANKS | 11 |
Public banks as stability anchors | 13 |
2 Back to the future of alternative banks and patient capital | 29 |
CASE STUDIES | 51 |
Brazilian Central Bank and public banking system as Minskyan big banks | 53 |
Historical overview and role in the recent crisis | 67 |
A comparison of the experiences of Brazil and Chile | 83 |
8 Governance of development banks under uncertainty | 136 |
PART IV POLITICAL ATTACKS ON PUBLIC BANKS IN EUROPE | 153 |
The long struggle between private and public banks | 155 |
10 Marginalizing the German savings banks through the European Single Market | 176 |
PART V KEEPING PUBLIC BANKS ACCOUNTABLE TO THE PUBLIC | 193 |
A case study of the German Landesbanken Helaba and WestLB | 195 |
The case of Indian public banks | 212 |
13 The stakeholder governance of microfinance | 230 |
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Public Banks in the Age of Financialization: A Comparative Perspective Christoph Scherrer No preview available - 2017 |
Common terms and phrases
accessed 7 July actors agricultural credit alternative banks anticyclical assets BancoEstado bank nationalization Bank of India bank’s banking system banking union BayernLB BNDES Brazil Brazilian Central Bank Butzbach Caixa Caixa Econômica Federal capital markets cent Chapter commercial banks competition cooperative banks corporate countries credit market credit operations Deeg deposits development banks DSGV economic European Commission federal financial crisis financial inclusion financial institutions financial intermediation financial liberalization financial markets financial system funds German public banks German savings banks growth guarantees Helaba important increase Indian banking industrial infrastructure interest rates intervention interview investment Landesbanken liability liquidity loans long-term macroeconomic Mendonça microfinance Minsky mission monetary neoliberal NPAs organization patient capital percent performance period perspective phase portfolio priority sector private banks profitable public banks regional regulation risk rural Seikel share social Sparkassen stability stakeholder strategies theory tion WestLB